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18 January 2025 | 13 replies
It appears to be a means to an end and the path of least resistance (somewhat related to number 1).
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24 January 2025 | 18 replies
Taking small, manageable steps now will help you make informed decisions when you're ready to invest.Good luck!
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7 February 2025 | 21 replies
@Greg Abel I think it's important to consider the long-term, as changing property management software is difficult.
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3 January 2025 | 3 replies
I have some flexibility but rely heavily on my team for admin work and the day-to-day operations of property management.
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31 January 2025 | 3 replies
The manager doesn't determine what they do and don't like, they 'manage' the HOA to comply with the law and guidance from the Board.
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13 January 2025 | 27 replies
I work with a property management company in NJ and we see a lot of success with our clients holding long-term rentals. https://www.tvdhousing.com/Welcome to BP!
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3 February 2025 | 6 replies
If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.
8 February 2025 | 9 replies
For this reason, I don't see there being a good pool of tenants or a ton of demand considering the economy is so slow and people who spend time and $ there typically have vacation homes there.The fires certainly have not helped, and I know they have had moratoriums for Home insurance in the region.That being said, for a place to purchase acreage, it still is relatively cheap compared to that of other wine country atmospheres and can have all the same charm.
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7 February 2025 | 10 replies
I'm meeting with a couple agents i was referred to through my network and am wondering what critical questions I should be asking them to understand if they are the right partners for me in this market, especially considering I will be managing this investment from the other side of the country, and what info I should be prepared to provide to them.
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6 February 2025 | 8 replies
Set your investment criteria, systems, and rules—and stick to them.2.Tenant management is all about structure.